SECTION 310:657-15-1. Net worth requirement

Latest version.

(a) The Plan's net worth shall be calculated as assets minus liabilities, plus fully subordinated debt.
(b) The Plan shall maintain a positive net worth and shall maintain working capital to meet its obligations as they become due.

[Source: Added at 12 Ok Reg 2977, eff 6-16-95 (emergency); Added at 13 Ok Reg 2127, eff 6-13-96]

                    
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